Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us Raises $300 Million of Bonds for Buyout by Permira Inc., the family-history website being purchased by Permira Advisers LLP, issued $300 million of bonds to help fund the buyout even as a court ruled that officials can’t close the deal for now.

The company issued 11 percent, eight-year notes at par to yield 964 basis points more than similar-maturity Treasuries, according to data compiled by Bloomberg. Investors had been told last week the bonds may yield 10.5 to 10.75 percent, according to a person familiar with the transaction who asked not to be identified because the terms weren’t set.

Permira, a London-based private equity firm, agreed to buy in a transaction valued at about $1.6 billion, according to an Oct. 22 statement., which said in a July statement that it passed the 2 million-user milestone, sought a deal amid concerns that the cancellation of a television show featuring its research, “Who Do You Think You Are?” would crimp subscriber growth. officials can’t proceed with the sale to Permira until it discloses more information about the deal before a Dec. 27 shareholder vote, Delaware Chancery Court Judge Leo Strine ruled today.

The bonds are graded CCC+ by Standard & Poor’s, the ratings company said in a Dec. 3 report.

The Provo, Utah-based company is also planning a new $720 million senior secured credit facility, according to the S&P report. The financing will include a $670 million, seven-year term loan B and a $50 million, five-year revolving line of credit.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.